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CBA Inc. has 300,000 shares outstanding with a $8.0 par value. The shares were issued for $180. The stock is currently selling for $300. CBA

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CBA Inc. has 300,000 shares outstanding with a $8.0 par value. The shares were issued for $180. The stock is currently selling for $300. CBA has 56.000.000 in retained earnings and has declared a stock dividend that will increase the number of outstanding shares by 9.00%. What will be the capital in excess of pur account ifter the stock dividend? Mimple Choice $3504000 53384000 59594000 o $3.000.000 Proy 1 of 10 Next >

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